
US sends 8 deported migrants to South Sudan after Supreme Court clearance
The Supreme Court on Thursday cleared the way for the transfer of the men who had been put on a flight in May bound for South Sudan. That meant that the South Sudan transfer could be completed after the flight was detoured to a base in Djibouti, where they men were held in a converted shipping container. The flight was detoured after a federal judge found the administration had violated his order by failing to allow the men a chance to challenge the removal.The court's conservative majority had ruled in June that immigration officials could quickly deport people to third countries. The majority halted an order that had allowed immigrants to challenge any removals to countries outside their homeland where they could be in danger.A flurry of court hearings on Independence Day resulted a temporary hold on the deportations while a judge evaluated a last-ditch appeal by the men's before the judge decided he was powerless to halt their removals and that the person best positioned to rule on the request was a Boston judge whose rulings led to the initial halt of the administration's effort to begin deportations to South Sudan.By Friday evening, that judge had issued a brief ruling concluding the Supreme Court had tied his hands.The men had final orders of removal, Immigration and Customs Enforcement officials have said. Authorities have reached agreements with other countries to house immigrants if authorities cannot quickly send them back to their homelands.- Ends
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New Indian Express
17 minutes ago
- New Indian Express
Trump and Netanyahu take a victory lap to mark strikes on Iran nuclear facilities
Trump says Iran wants to restart talks, but Iran hasn't confirmed that Trump indicated anew that Iranian officials have reached out to the U.S. to schedule talks about Iran's nuclear program. Negotiations had started in April but were scuttled after Israel began its operations last month. 'We have scheduled Iran talks, and they want to,' Trump told reporters. 'They want to talk.' He said last week that the talks would restart soon. Trump's Middle East envoy, Steve Witkoff, sitting at the table with Trump, said the meeting would be soon, perhaps in a week. Tehran has yet to confirm that it has agreed to restart talks with the U.S. But Iran's President Masoud Pezeshkian in an interview published Monday said the U.S. airstrikes so badly damaged his country's nuclear facilities that Iranian authorities still have not been able to access them to survey the destruction. Pezeshkian added in the interview with conservative American broadcaster Tucker Carlson that Iran would be willing to resume cooperation with the U.N. nuclear watchdog but cannot yet commit to allowing its inspectors unfettered access to monitor the sites. 'We stand ready to have such supervision,' Pezeshkian said. 'Unfortunately, as a result of the United States' unlawful attacks against our nuclear centers and installations, many of the pieces of equipment and the facilities there have been severely damaged.' Pushing for a new ceasefire proposal in Gaza Trump has made clear that following last month's 12-day war between Israel and Iran he would like to see the Gaza conflict end soon. The meeting between Trump and Netanyahu may give new urgency to a U.S. ceasefire proposal being discussed by Israel and Hamas. White House officials are urging Israel and Hamas to quickly seal a new ceasefire agreement that would bring about a 60-day pause in the fighting, send aid flooding into Gaza and free at least some of the remaining 50 hostages held in the territory, 20 of whom are believed to be living. Leavitt announced Monday that Witkoff will travel later this week to Doha, Qatar, for ceasefire and hostage talks. But a sticking point is whether the ceasefire will end the war altogether. Hamas has said it is willing to free all the hostages in exchange for an end to the war and a full Israeli withdrawal from Gaza. Netanyahu says the war will end once Hamas surrenders, disarms and goes into exile — something it refuses to do. 'We'll work out a peace with our Palestinian neighbors, those that don't want to destroy us,' Netanyahu said. "We'll work out a peace in which our security, the sovereign power of security, always remains in our hands.' Trump has been pressuring Israel and Hamas to wrap up the conflict, which has killed more than 57,000 Palestinians, ravaged Gaza, deepened Israel's international isolation and made any resolution to the broader conflict between Israel and the Palestinians more distant than ever. But the precise details of the deal are still in flux. In the days before Netanyahu's visit, Trump seemed to downplay the chances for a breakthrough. Asked Friday how confident he was a ceasefire deal would come together, Trump told reporters, 'I'm very optimistic — but you know, look, it changes from day to day.'


Economic Times
18 minutes ago
- Economic Times
Jane Street victims? F&O casino made retail option traders lose Rs 1 lakh crore in FY25
Live Events Jane Street's Alleged Manipulation Machine Jane Street has, however, disputed the allegations. Warren Buffett's 'Financial Weapons of Mass Destruction' SEBI's Damage Control Measures (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Indian retail traders suffered a crushing Rs 1.05 lakh crore loss in derivatives trading during FY25, fresh SEBI data reveals, as the market regulator simultaneously exposes how American quant trading firm Jane Street allegedly manipulated the very markets where individual investors are hemorrhaging timing couldn't be more damning. Just as SEBI accused Jane Street of making Rs 36,500 crore profit through systematic market manipulation, the regulator's research report shows retail F&O traders' cumulative net losses ballooned from Rs 75,000 crore in FY24 to a staggering Rs 1.05 lakh crore in carnage deepened as more Indians rushed into the derivatives casino. Individual derivative traders surged from 86.3 lakh in FY24 to 96 lakh in FY25, but their misery only multiplied. Average losses per person jumped from Rs 86,728 in FY24 to Rs 1,10,069 in FY25, a devastating 27% three-year destruction has been breathtaking. In FY22, only 42.7 lakh F&O traders populated Dalal Street, making cumulative losses of Rs 40,824 crore. Within three years, both the number of traders and losses have more than doubled."Further, the percentage of traders making losses in the equity derivative segment remained broadly unchanged at 91% from the earlier study done by SEBI," the regulator noted, underlining the brutal mathematics of derivatives trading, where nine out of ten participants lose retail bloodbath gains sinister context against Jane Street's alleged market manipulation. Last week, SEBI released an interim order accusing the American firm of systematic market manipulation designed to profit from enormous index options to the regulator, Jane Street would deal simultaneously across multiple market segments - cash equities, stock futures, index futures, and index options - but in a manipulative firm allegedly engaged in aggressive buying of Nifty Bank component stocks and futures during morning hours, artificially inflating prices. They would then reverse these positions later in the day through aggressive selling, causing prices to fall. This coordinated buying and selling was designed to manipulate the index at strategic times to benefit their massive options explosive growth in retail derivatives trading has raised alarm bells about household savings being gambled in high-risk markets. Warren Buffett's famous warning about futures and options as "financial weapons of mass destruction" appears prophetic as Indian families pour money into a game where the house, and sophisticated players like Jane Street, appear to have overwhelming reports of household savings being diverted to derivatives speculation, SEBI announced measures in November 2024 to cool the regulator implemented a range of measures targeted at reducing market volatility, especially from daily index expiries, including limiting weekly expiries to only Nifty and Sensex contracts, increasing the lot size from Rs 5-10 lakh to Rs 15-20 lakh, and increasing margins for expiry day signs suggest the measures are having some impact. SEBI's report covering December 2024 to May 2025 shows that index options turnover is down 9% year-on-year in premium terms and 29% in notional terms. Individual turnover in premium terms is down 11% year-on-year, and the number of unique individual traders trading is down 20% compared to the previous the damage remains enormous. "India continues to see a relatively very high level of trading in EDS (equity derivatives segment), compared to other markets, particularly in index options," SEBI derivatives markets "assist in better price discovery, improve market liquidity and allow investors to manage their risks better," SEBI noted that "with an explosion in index options trading on expiry day over time, concerns arose around investor protection & systemic stability."The Jane Street case raises uncomfortable questions about whether retail traders are unwitting victims in a game rigged by sophisticated algorithms and deep-pocketed players. As millions of Indians chase quick profits in F&O markets, the combination of massive retail losses and alleged institutional manipulation paints a troubling picture of India's derivatives Rs 1.05 lakh crore question remains: Are retail traders simply bad at trading, or are they systematically disadvantaged in markets where players like Jane Street allegedly manipulate prices with impunity?


Time of India
19 minutes ago
- Time of India
MCX Outlook: Gold may hit Rs 1.02 lakh/10g, Silver could surge to Rs 1.10 lakh/kg in coming weeks
Indian retail traders suffered a crushing Rs 1.05 lakh crore loss in derivatives trading during FY25, fresh SEBI data reveals, as the market regulator simultaneously exposes how American quant trading firm Jane Street allegedly manipulated the very markets where individual investors are hemorrhaging money. The timing couldn't be more damning. Just as SEBI accused Jane Street of making Rs 36,500 crore profit through systematic market manipulation, the regulator's research report shows retail F&O traders' cumulative net losses ballooned from Rs 75,000 crore in FY24 to a staggering Rs 1.05 lakh crore in FY25. The carnage deepened as more Indians rushed into the derivatives casino. Individual derivative traders surged from 86.3 lakh in FY24 to 96 lakh in FY25, but their misery only multiplied. Average losses per person jumped from Rs 86,728 in FY24 to Rs 1,10,069 in FY25, a devastating 27% increase. The three-year destruction has been breathtaking. In FY22, only 42.7 lakh F&O traders populated Dalal Street, making cumulative losses of Rs 40,824 crore. Within three years, both the number of traders and losses have more than doubled. "Further, the percentage of traders making losses in the equity derivative segment remained broadly unchanged at 91% from the earlier study done by SEBI," the regulator noted, underlining the brutal mathematics of derivatives trading, where nine out of ten participants lose money. Also Read | Explained: What is Jane Street and how it made Rs 36,500 crore profit by gaming Dalal Street Jane Street's Alleged Manipulation Machine The retail bloodbath gains sinister context against Jane Street's alleged market manipulation. Last week, SEBI released an interim order accusing the American firm of systematic market manipulation designed to profit from enormous index options positions. According to the regulator, Jane Street would deal simultaneously across multiple market segments - cash equities, stock futures, index futures, and index options - but in a manipulative manner. The firm allegedly engaged in aggressive buying of Nifty Bank component stocks and futures during morning hours, artificially inflating prices. They would then reverse these positions later in the day through aggressive selling, causing prices to fall. This coordinated buying and selling was designed to manipulate the index at strategic times to benefit their massive options positions. Jane Street has, however, disputed the allegations. Also Read | Jane Street vs Sebi case places Rs 6 lakh crore multibagger corner of Dalal Street on edge Warren Buffett's 'Financial Weapons of Mass Destruction' The explosive growth in retail derivatives trading has raised alarm bells about household savings being gambled in high-risk markets. Warren Buffett's famous warning about futures and options as "financial weapons of mass destruction" appears prophetic as Indian families pour money into a game where the house, and sophisticated players like Jane Street, appear to have overwhelming advantages. Amid reports of household savings being diverted to derivatives speculation, SEBI announced measures in November 2024 to cool the frenzy. SEBI's Damage Control Measures The regulator implemented a range of measures targeted at reducing market volatility, especially from daily index expiries, including limiting weekly expiries to only Nifty and Sensex contracts, increasing the lot size from Rs 5-10 lakh to Rs 15-20 lakh, and increasing margins for expiry day trading. Early signs suggest the measures are having some impact. SEBI's report covering December 2024 to May 2025 shows that index options turnover is down 9% year-on-year in premium terms and 29% in notional terms. Individual turnover in premium terms is down 11% year-on-year, and the number of unique individual traders trading is down 20% compared to the previous year. However, the damage remains enormous. "India continues to see a relatively very high level of trading in EDS (equity derivatives segment), compared to other markets, particularly in index options," SEBI acknowledged. While derivatives markets "assist in better price discovery, improve market liquidity and allow investors to manage their risks better," SEBI noted that "with an explosion in index options trading on expiry day over time, concerns arose around investor protection & systemic stability." The Jane Street case raises uncomfortable questions about whether retail traders are unwitting victims in a game rigged by sophisticated algorithms and deep-pocketed players. As millions of Indians chase quick profits in F&O markets, the combination of massive retail losses and alleged institutional manipulation paints a troubling picture of India's derivatives boom. The Rs 1.05 lakh crore question remains: Are retail traders simply bad at trading, or are they systematically disadvantaged in markets where players like Jane Street allegedly manipulate prices with impunity?